Staff Report: Variance to Zoning Ordinance in Back Bay
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On I'iarlboro r treet, 5200 square feet of rentable floor space is affected and on Clarendon Street an additional 3?00 square feet is affected. Thus 8^00 squ:.re feet of rentable living space is deprived of light and air by the proposed v uildin? over and above that which wo^ld be affected b^ a ne T > conforming building. Attach- ing an economic val^e to this is, of course, qyite difficult and, in any event, such value would be slight. As an illustration: a typical apartment building in this di...strict will show a rent dif- ferential between apartments facin^ on the street and apartments facin on the back alley. Discounting varying size and facili- ties, this differential is assumed to arise from a difference in light and air, then, if it is applied to the above situation, it can be seen that roughly a 'ii>900 annual loss xrould accrue to, all surrounding property owners in terms of yearly rents, or about, si>75 per month. Over a long period of time such a small loss can build up and eventually be a significant depressant of surround- ing property values.
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